The sustained buying of the USD put some pressure on the GBP / USD for the second day in a row. The optimistic US economic outlook and rising US bond yields continued to prop up the USD. The setup favors bearish traders and supports the outlook for a dip to test the 100-day SMA. The […]
Tag: Foreign exchange
USD / TRY hits 2021 highs near 8.4500, declines later
USD / TRY hits new yearly highs around 8.4500 on Tuesday. President Erdogan sacked Lieutenant Governor M. Cetinkaya. The focus remains on the CBRT event on April 15. The defeat of the Turkish lira has not abated for another session, pushing the USD/TRY to new highs to date above 8.4500 at the reversal on Tuesday. […]
Setup favors bullish traders, move beyond 1.2625-30 expected
A combination of factors helped the USD / CAD gain traction for the second day in a row. The formation of an ascending channel supports the prospects for additional short-term earnings. The bulls are now waiting for a sustained move beyond the 1.2625-30 bid zone for further momentum. The pair USD / CAD it drew […]
USD / MXN remains stable above 20.50
The Mexican peso remains one of the best in the emerging group. USD / MXN continues to lateralize between 20.80 and 20.50. USD / MXN is trading virtually unchanged Tuesday, around 20.60. It previously posted a daily high at 20.71. The price continues to make lateral movements between 20.55 and 20.80, between the strength of […]
USD / JPY updates one-year highs above 110.30 driven by rising US Treasury yields.
USD / JPY continues to rise ahead of the American session. The 10-year US Treasury yield has risen more than 3%. The US Dollar Index climbs to multi-month highs above 93.00. The pair USD/JPY it closed in positive territory for the fourth day in a row on Monday and extended its rally to a new […]
EUR / GBP clears losses and rises towards 0.8550
The EUR / GBP recovered ground lost in the last hours, still close to the low of the year. GBP / USD’s drop to fresh daily lows below 1.3750 weighed on the pound. The EUR / GBP is trading above 0.8540, in the zone where it closed on Monday after recovering after falling to 0.8522. […]
GBP / USD to seek a deeper correction to the downside – Credit Suisse
GBP / USD remains topped below a group of supports that are seen centered at 1.3779, including its medium-term uptrend, Credit Suisse analysts say. They look for a greater corrective weakness. Key statements: “GBP / USD has extended its short-term recovery, but with a ceiling below the lower end of the March range, the medium-term […]
USD / CHF could skyrocket as high as 0.9800 – Credit Suisse
USD / CHF maintains a bullish continuation pattern and targets the 0.9498 / 9524 neighborhood, says the Credit Suisse team of analysts. They estimate that the pair could rise to 0.9800. Key statements: “We keep our bullish bias intact and see resistance initially at 0.9418, the break of which would open the door to 0.9465 […]
GBP / USD can not exceed 1.3780 and falls before the advance of the dollar
The DXY rises to highs since November above 93.00. The pound is unchanged against the dollar, one of the strongest in Europe. The GBP / USD is trading unchanged on Tuesday around the 1.3760 zone and maintaining a bearish bias.. The price fell in European hours to 1.3741, and then rebounded to 1.3780. It maintains […]
A further decline is likely in the short term
EUR / USD falls to new 2021 lows in the 1.1730 region. A test of the 1.1700 region appears on the horizon. EUR / USD intensifies the weekly decline to the lowest levels since November 2020 around 1.1730. The slide has gained additional strength after breaking the 200-day SMA at 1.1862 and a Fibonacci level […]
